Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0460%/8h= −50.4% APRpaid last 24h −0.095%

Price spread now: Phemex against Phoenix+0.090%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.090% dearer against Phoenix than usual: you sell high and buy low (spread +0.090% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AVGO	364.71	0.0460	pay 0.0058% / 1h	52m 57s	$31K	$18K	10x
Short	Phemex AVGOUSDT	365.04	0	get 0.0000% / 8h	7h 52m	$1.5M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee PhemexbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$96.66
Price spread: +0.090% → 0.000%: $9.05
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$106.61
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	3.15 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVGO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVGO/USDC PERP	−0.0220%	1h	361.13	−0.982%	$4K	$100	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	365.63	+0.252%	$914K	$29K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	365.01	+0.082%	$6.6M	$3.5M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	365.00	+0.080%	$8.1M	$7.1M	50x	as long as short
SunX AVGO-USDT	0.0000%	8h	364.94	+0.063%	$653	$5.4M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	365.00	+0.080%	$130K	$61K	20x	as long as short
Phemex AVGOUSDTshort	0.0000%	8h	365.04	+0.090%	$1.5M	$1.5M	10x
Bitget AVGOUSDT	+0.0001%	8h	365.22	+0.140%	$8.0M	$4.0M	20x	as long as short
Lighter AVGO	+0.0032%	1h	364.88	+0.047%	—	—	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	364.87	+0.044%	—	$9K	25x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVGO-USD	+0.0050%	1h	365.10	+0.107%	$481K	$118K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	364.59	−0.033%	$402K	$306K	10x	as long as short
QFEX AVGO-USD	+0.0058%	1h	365.07	+0.099%	$1.2M	$4.3M	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	364.99	+0.077%	$1.1M	$72K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	364.69	−0.005%	$20K	$140K	50x	as long as short
OKX AVGO-USDT-SWAP	+0.0131%	8h	365.33	+0.170%	$10.9M	$15.9M	20x	as long as short
Variational Omni AVGO	+0.0177%	8h	365.35	+0.174%	$426K	$409K	—	as long as short
Binance AVGOUSDT	+0.0189%	8h	365.23	+0.143%	$38.7M	$58.6M	20x	as long as short
Extended AVGO-USD	+0.0192%	1h	365.14	+0.119%	$59K	$385K	10x	as long as short
BloFin AVGO-USDT	+0.0309%	8h	365.19	+0.132%	$549K	$277K	20x	as long as short
GRVT AVGO_USDT_Perp	+0.0427%	8h	365.23	+0.144%	$3K	$245K	10x	as long as short
Nado AVGO-PERP	+0.0428%	1h	364.98	+0.073%	$101K	$14K	10x	as long as short
Phoenix AVGOlong	+0.0460%	1h	364.71	long leg	$31K	$18K	10x
edgeX AVGOUSDC	+0.0469%	4h	365.18	+0.129%	$37K	$176K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0478%	1h	365.15	+0.121%	$24.8M	$21.3M	10x	as long as short
Paragon para:AVGO	+0.0516%	1h	365.28	+0.156%	$2.5M	$313K	10x	as long as short